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Airbus commercial satcoms sold to Apax Partners Featured

Airbus Group has announced that it has signed an agreement with French private equity firm, Apax Partners, for the sale of 100 per cent of its commercial satellite communication business, including direct sales arm Marlink and all reseller contracts.

{mprestriction ids="1,2"}The final closing of the transaction based on this share purchase agreement (SPA) – subject to regulatory approvals – is expected to take place in the next few months. The cost of the transaction has not been disclosed.

Airbus Defence and Space announced in September of 2014, following an assessment of its business strategy, that it had defined military aircraft, space, missiles and related systems and services as its future core businesses.

As such, its commercial satcoms business, including services to the maritime industry, did not fit those strategic goals, and the decision was taken to sell this section of the company.

The commercial satcoms business is part of what was formerly known as Vizada, a company bought by Airbus from Apax Partners for $960 million in 2011. The government business that was part of Vizada is not included in this buyback by Apax, and will remain in the Airbus Group.

The maritime and land commercial satcom business has a presence in 14 countries across Europe, Asia, the Middle-East and the Americas, with a distribution network of approximately 400 re-sellers worldwide.{/mprestriction}

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